Goodyear Tire & Rubber Co (GT)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 4,906,000 4,745,000 4,703,000 4,635,000 4,668,000 4,993,000 5,105,000 5,253,000 5,300,000 5,087,000 5,174,000 5,145,000 4,999,000 4,314,000 4,212,000 3,106,000 3,078,000 2,860,000 2,833,000 3,510,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,906,000K)
= 0.00

The debt-to-capital ratio of Goodyear Tire & Rubber Co has consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized debt to finance its operations and investments, relying solely on equity capital. This suggests that the company has a conservative financial structure with a minimal level of financial leverage. It also indicates that the company may have sufficient internal funds or equity to support its operations and growth without resorting to external borrowing. While a zero debt-to-capital ratio can be favorable in terms of financial stability and risk management, it may also imply missed opportunities for tax benefits associated with debt financing. Investors and creditors generally view a low debt-to-capital ratio positively as it signifies a lower financial risk and may indicate strong financial health.